“MiFID II is the greatest regulatory compliance challenge facing the financial industry at the moment, and Ascent’s technology can ease that burden,” said Brian Clark, CEO and co-founder of Ascent. “Depending on firm type, trading activity, and a variety of other variables, there is an overwhelming number of possible unique compliance processes: more than 144 quadrillion in fact. Ascent’s MiFID channel provides a domain-specific, vertical AI pipeline that transforms the mass of regulatory data into actionable knowledge. Our Navigator platform then allows users to create comprehensive and accurate compliance systems that are precisely tailored to each firm’s unique regulatory requirements. It saves saving time and money while helping to simplify compliance.”

MiFID II is the update to Europe’s Markets in Financial Instruments Directive, which includes a wide range of regulatory requirements designed to enhance transparency, provide greater investor protection, and improve the functioning of financial markets. Market participants are spending an estimated $2 billion to ensure compliance with MiFID II when it goes into effect on January 3, 2018.

Ascent Technologies is a RegTech firm that helps customers simplify and automate their regulatory compliance programs. Its IntaaS (Intelligence-as-a-Service) platform uses a proprietary vertical AI and automation processes to convert the rules and documents of a regulatory body into units of intelligence that are distributed to customers online. Ascent’s RegTech products allow customers to automate their regulatory compliance function by helping them to identify, monitor, and manage their regulatory obligations, saving time and money and reducing regulatory risks. Learn more at www.ascentregtech.com.